Google News
As reported by Business Insider, Elon Musk's overall wealth grew by nearly $11 billion in two days. According to the Bloomberg Billionaires Index, the net worth of the CEO of Tesla, SpaceX and Twitter since last Friday has grown by about 10.6 billion dollars to 145.2 billion dollars: it is a record since last November as in the last weeks the trend was downwards.
Musk in court defended the tweet by stating that it was not a joke and because he thought he had funding guaranteed by the Saudi Arabian Investment Fund. However, as we have seen, the agreement never materialized and the investors decided to sue the entrepreneur for billions of dollars in damages.
Speaking of assets, Musk's mom recently confirmed that Elon doesn't own any homes.
Elon Musk words to his new Twitter employees
Elon Musk, during a meeting with all Twitter employees, talked about the future plans that involve the famous social media, transforming it into a bank.
After the first wave of layoffs, Musk explained the company's next steps to increase revenue and have a positive balance sheet. The new Twitter owner told staff at a meeting that the company has such severe financial problems that bankruptcy is not out of the question unless it starts generating more revenue, according to reports.
The billionaire privately expressed a grim outlook for Twitter's future. Musk told employees of the company, which he acquired two weeks ago after spending months trying to back out of the $ 44 billion acquisition, that he expects Twitter to have negative net cash flow of several billion dollars in 2023, as reported by Information.
Last week, the billionaire reported a loss of $ 4 million a day to Twitter, as well as posting a tweet saying "a huge drop in revenue" due to companies suspending advertising purchases on the platform. partly due to moderation issues. A situation that worsened on Thursday with Chipotle having withdrawn the ads.